HomeMy WebLinkAboutEx 3 BPC 61319 updated lease limit calc435 604 15 72 132 46 50%2I9 276 108 62
Total No.
of Leases
Sold (as of
s/L4/tsl
No. of
Hotel uDc
Leases
Parked in
Peak Hour
No. Non-
Hotel
Perm¡ts/L
eases rn
Peak
Hour
Short-Term
Vehicles
Parked at
Peak Hour
Leases Sold Weekday Peak
but Not Hour
Activiated*+* Occupancy
50% of Empty
Empty Stalls stalls
(Peak Hour) (Potential
New Leases)
Potent¡el
New Leases
(less Leases
Sold but Not
Activated)
Total Leases
Author¡zed For
Sale (as of th¡s
date)
Brìdger
Stalls
Cars Parked
in Peak Hour
Parking Lease Policy: Appendix A Bozeman Parking Commission
Bridger Park Downtown Garage
INOTE:Red highlighted boxes ore lor input of cuffent døto, All other cotegoñes ore formuløs thot do not rcquirc input.l
LEASE SUMMARY
Sub-Total Non-UDC Leases *
# of Non-Hotel Leases for Sale
f of Hotel Leases for Sale
HOUR BREAKOUT 4l4l2|l9 Porked Peok Hour/Doy peok Hour
t2:42PM
62
t24
5 West Mixed Use Office (UDC)
Element Hotel (uDc)
Lark Hotel 1 (UDC)
Lark Hotel 2 (UDC)
Etha Hotel (uDc)
Etha Hotel (uDc) - PENDTNG
50
60
19
27
54
46
Sub-Total UDC**
GRAND TOTAL
tNo hotels in these leoses
¿'UDC teoses orc for o minimum of 25 yeors
t¿¿sold but not activoted meons AVI cords not distributed.
The purpose of the Leose L¡mit Colculøtor is to utilize parking ¡ndustry best practices in rminlng how many parking leases the Bozeman Parking Commission (BPC) can
sell in the Bridger Park Downtown Garage, wh¡le mainta¡ning reasonable confidence that adequate capacity exists for both leased and short term parking. The rationale is
that the BPC can 'oversell' monthly/annual leases (more leases than spaces) by maintaining a margin of excess capacity based on "Peak Hour" ut¡lization. Employing a
common parking management strategy, the BPC, upon advice of Rlck Williams Consult¡ng, has chosen to use a factor equal to 50% of unused parking spaces during the
Peak Hour.
The ratio of UDC/Hotel Leases for the peak park¡ng occupancy of 4/4119, as compared to all other permits/leases, is 15 of 87; or 1 to 4.8. However, taking into
cons¡derat¡on that there are a considerable number of activated and inact¡vated permits that are unused at this time, the PPM is recommending that a more
conservative ratio of 1to 2 be applied at this time.
No. of Hotel UDC Leases in Peak Hour 15
Non Hotel Permits/Leases in Peak Hour 72
Irans¡ent Veh¡cles 132
IOTAL Vehicles at Peak Hour 2t9 4/4/20]-9
Repoft Generared: 6/6/2079 Page 1